BANGALORE, India -- Sasken Communication Technologies Limited (Sasken), a pioneer in telecom R&D outsourcing, today announced results for the first quarter ended June 30, 2006.

The consolidated revenues for the quarter ended June 30, 2006 stood at Rs 91.12 crore, in comparison to Rs 67.74 crore for the same period last year (Q1 FY06), registering a growth of 35%. Profit After Tax for the same period stood at Rs 8.65 crore, in comparison to Rs 4.77 crore for the first quarter last year, registering a growth of 81%. Comparing with the sequential quarter (Q4 FY06), the revenues grew by 17% (Rs 78.05 crore in Q4 FY06) and Profit After Tax grew by 38% (Rs 6.29 crore in Q4 FY06).

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Commenting on the performance, Rajiv Mody, Chairman & CEO, Sasken said, “We have had a good start to the new financial year. Both in sequential and corresponding quarter terms, our topline and bottomline performance has been as expected. Specifically on the services side, we have recorded an annual growth rate of 40% and a sequential quarter growth of 19%. Products continue to be on track, and we expect handsets containing Sasken IP to start shipping from November 2006.”

“The acquisition that we made in April (iSoftTech, Chennai) has added a new centre, and a new set of capabilities for us; the integration activities on this front continue smoothly as per plan. We also launched a new Test Lab offering, which is the first of its kind in India, last quarter,” he added.

“Another development was that Sasken has been recommended for the ISO 14001 certification, which is a validation of our commitment as a corporate citizen towards the environment,” added Rajiv.

Sasken Communication Technologies Ltd.